ARTICLES ABOUT GODREJ AGROVET BY DATE - PAGE 4

NEW DELHI: Fortis Group company Fortis HealthWorld Ltd (FWHL) on Monday said it has tied up with the rural retail initiative of Godrej Agrovet Ltd, Godrej Adhaar, to open pharmacies in rural areas. By setting up FHWL pharmacies jointly with Godrej Adhaar, the company seeks to empower the rural India mainly the farming community by providing all encompassing health needs under one roof, FWHL said in a statement. These stores will also be equipped with a wide range of fast moving health good and support systems.

MUMBAI: State-run Bharat Petroleum Corporation (BPCL) has joined hands with Godrej Aadhaar to foray into the agri-retail segment as it seeks to diversify its retail business, a top company official has said. BPCL and Godrej group's Godrej Aadhaar, an agri-service cum-retail initiative of Godrej Agrovet Ltd, sealed the agreement last week. "Both the companies plan to extend their association by launching 'Aadhaar Express' in BPCL petro-outlets situated in semi-urban and rural areas," BPCL's Executive Director Retail S Ramesh told media here.

CHANDIGARH: Godrej Aadhaar has tied up with Eicher Motors to provide commercial vehicles to rural India, reports Viney Sharma in Chandigarh. The move is aimed at encouraging village entrepreneurs to venture into transportation business. Through this agreement, Eicher's light commercial vehicles will be showcased and made available at Godrej Aadhaar outlets across nine locations in Maharashtra, Gujarat and Punjab. Godrej Aadhaar is the agri services-cum-retail arm of Godrej Agrovet.

CHANDIGARH: Godrej Aadhaar has tied up with Eicher Motors to provide commercial vehicles to rural India. The move is aimed at encouraging village entrepreneurs to venture into transportation business. Through this agreement, Eicher's light commercial vehicles (LCVs) will be showcased and made available at Godrej Aadhaar outlets across nine locations in Maharashtra, Gujarat and Punjab. Godrej Aadhaar is the agri services-cum retail initiative of Godrej Agrovet.

MUMBAI: Godrej Aadhaar, the agri-services -cum-retail initiative of Godrej Agrovet Ltd, has entered into an agreement with HDFC Bank to offer agri-credit facility to rural communities in Punjab, Haryana, Gujarat and Maharashtra. Both parties intend to customise and consolidate product offerings as per their local needs and requirements, a release issued here today said. Through this venture, privileged Aadhaar customers can avail of world-class banking services and loans on a preferential interest rate.

New Delhi : Godrej Industries Ltd today reported a rise of 43 per cent in its profit after tax (PAT) at Rs 32.3 crore for the quarter ended December 31 as compared to Rs 22.58 crore in the year-ago quarter. For the nine-month ended December 31, the company reported a 38 per cent rise in its PAT at Rs 61.4 crore as against Rs 44.49 crore in the year ago period, the statement said. "The chemicals business witnessed an increased throughput of fatty alcohol from the recently commissioned export oriented unit at Valia, Gujarat, though the margins in this category continue to be under pressure," Godrej Industries Chairman Adi Godrej said in a statement.

Having made two overseas acquisitions in the last two years alone, the 7,000-cr Godrej group is making rapid strides these days. While the group is open to more strategic acquisitions abroad, it wants to concentrate on property and rural retailing businesses on the home turf. In an exclusive interview, Godrej group chairman Adi Godrej talks about their future roadmap. Excerpts: At a time when consolidation has become the norm of the day, the Godrej group seems to be on an expansion and diversification spree.

MUMBAI: Godrej Agrovet (GAVL), part of the Rs 6,000-crore Godrej Group, signed an MoU with Malaysia's IJM Plantations to set up a joint venture in the palm oil business in India. The JV, expected to be finalised over the next 3-4 months, will enable GAVL to access IJM's high-quality planting material in Malaysia, besides helping it benefit from its partner's superior yield and milling practices. Addressing the media on the sidelines of the Globoil India conference, Adi Godrej, chairman of the Godrej Group, said the JV would have equity participation from both GAVL and IJM. "The total outlay of the joint venture company would be to the tune of a couple of Rs 100 crore.

MUMBAI: Godrej agrovet ltd is holding talks with a leading european company dealing in processed food and bakery products for a possible tie-up to expand the product offering of its fresh fruits and vegetables retail initiative, nature's basket. Our talks are in progress with a european company in breads and cheese category for retailing its products through 'nature's basket' and hopefully we should announce the tie-up in the next four to six months, said, company's executive VP, R S Vijan.

MUMBAI: Godrej Industries Ltd on Wednesday said it will seek shareholders nod for investing upto Rs 30 crore in securities of Godrej Agrovet Ltd (GAVL). The company would seek shareholders approval through postal ballot to invest in securities of Godrej Agrovet Ltd (GAVL) by subscription, purchase from other shareholders or invest in debentures of Rs 30 crore, subject to necessary provisions and approvals, Godrej informed the Bombay Stock Exchange. The postal ballot form duly completed should reach the scrutinizer on September 29 and the results of the postal ballot will be announced by the Chairman on October 5, it added.